Our own Jon Rettinger went on the FOX Business show Varney & Co. this morning to discuss the rumored Facebook IPO that may be happening this week.
One of the largest questions that has been popping up every time this IPO story appears is how a company that doesn’t make anything can arrive at such a huge valuation. As Jon explains it comes currently from its ad revenue and credits, but Mr. Varney wondered if potentially we could ever see Facebook selling user’s personal information to third-parties, and what that would mean for privacy. Jon doubted we would ever see that happen, but as he points out, the simple solution for people who would worry about that would be to simply stop using the site.
It’s an interesting watch, and make sure to let us know what you think about the potential Facebook valuation in the comments below.